RE:CB69deisman03 wrote: First the fact that l am pro an entity does mean it is mindless pumping , or does it it also meanif someone is negative they are guilty of mindless trashing and bashing
I think you're reasons for being pro have nothing to do with the rest of your post.
I see a lot of impetuous zeal, making the decisions to buy.
As for the reasons we're seeing less rigs, again, impetuous zeal instead of due diligence.
Whether you or anyone else wants to admit it or not, if it were "profitable" to have rigs in the field, bring on more "profitable" production, there would be more rigs. Pretty simple.
If Middle East production is cut because of the stressful conditions in the area, oil prices might spike due to lack of product on the markets. That doesn't appear to be happening.
I'm not saying it won't happen, but you can bet if the contestants get out of control, the big players will move in and show them whoes really pulling the strings.
You keep overlooking that I encourage people to do their due diligence.
Making up their minds before doing that due diligence is counterproductive to a positive bottom line on profits and retention of capital.
You're taking these comments personal. Fine, but it's a waste of time.
GLTA the good folks here.
putting cb69 on ignore is an option. He's not like the rest of us.